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NGI's LNG Insight

June 5, 2020

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Tellurian’s Supply Pact with Petronet Expires in Setback for Driftwood LNG

Tellurian Inc. confirmed Friday that a memorandum of understanding (MOU) with India’s Petronet LNG Ltd. has expired in a development that’s likely to delay the sanctioning of its massive natural gas export project on the Gulf Coast.
Nord-Stream-2-Route-20200605

U.S. Lawmakers Push More Nord Stream 2 Sanctions as Russia Searches for Workarounds

U.S. lawmakers have introduced bipartisan legislation to expand sanctions targeting the Nord Stream 2 natural gas...
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Natural Gas Forwards Still Steady, but Sinking LNG Demand Poses Downside Risk

Natural gas forward prices continued to tread water during the May 28-June 3 period, rising only a few pennies on average across the curve as summer heat started to build across the United States.

The Offtake: LNG in Brief

Total-SA-Mozambique-LNG-Project-20200604

Mozambique LNG Project to Finalize $15B Financing in Possible Sign of Market's Strength

Mozambique liquefied natural gas (LNG), the nation’s first onshore export project, is set to finalize $15 billion of financing commitments this month, according to South Africa’s Rand Merchant Bank (RMB), which is among those funding the facility.
Brent-Crude-Oil-Prices-and-Exploration-and-Development-Expenditures-for-102-Exploration-Companies-20200604

Lower Crude Prices Forecast to Reduce Global Reserves Growth, Increase Impairments

Oil and natural gas exploration and development (E&D) is predicted to decline in line with lower crude prices, which in turn would ding the value of proved reserves, the Energy Information Administration (EIA) said Thursday.
LNG-Freight-Rates-and-Ship-Availability-20200603

LNG Carriers See Tough Year Ahead on ‘Unprecedented Demand Destruction’

Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.
AltaGas

AltaGas Eyes Doubling Propane Exports Overseas from BC Terminal

The Covid-19 pandemic only inflicts a temporary setback on overseas propane shipments as byproduct growth for the Canadian natural gas industry, according to AltaGas Ltd.

The Offtake: LNG in Brief

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NGI's Bidweek Alert Day 5 - May 29th for June 2020
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- --
Texas Eastern S. TX -- -0.0500 to -0.0300
Transco Zone 1 -- --
East Texas
Carthage -- -0.1750 to -0.1300
Houston Ship Channel -- -0.0300 to -0.0300
Katy -- --
NGPL TexOk -- -0.1550 to -0.1450
Tennessee Zone 0 North -- -0.1400 to -0.1325
Texas Eastern E. TX -- -0.1400 to -0.1400
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.360 to 1.470 --
El Paso - Keystone Pool 1.370 to 1.420 --
El Paso - Plains Pool 1.440 to 1.470 --
El Paso - Waha Pool 1.360 to 1.470 --
Transwestern 1.390 to 1.410 --
Transwestern - Central 1.410 to 1.410 --
Transwestern - W. TX 1.390 to 1.400 --
Waha 1.360 to 1.470 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 1.585 to 1.665 -0.0900 to -0.0900
Chicago - Nicor Gas 1.585 to 1.585 -0.0900 to -0.0900
Chicago - NIPSCO 1.585 to 1.665 -0.0900 to -0.0900
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0925 to -0.0650
Dawn 1.550 to 1.700 -0.1075 to -0.0700
Defiance -- -0.1800 to -0.1600
Rover-ANR -- --
Rover-Panhandle -- -0.1800 to -0.1600
Emerson -- -0.1450 to -0.1000
Joliet -- --
Lebanon -- -0.1650 to -0.1650
Michigan Consolidated 1.610 to 1.645 -0.1350 to -0.1100
NGPL Amarillo Mainline -- --
Parkway/Union 1.650 to 1.675 --
REX Zone 3 Delivered -- -0.1650 to -0.1650
REX into ANR - Shelby -- -0.1650 to -0.1650
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.2300 to -0.2150
Enable East -- -0.1350 to -0.1200
NGPL Midcontinent -- -0.1500 to -0.1500
Northern Border Ventura -- --
Northern Natural Demarc 1.590 to 1.695 --
Northern Natural Ventura 1.610 to 1.655 --
OGT 1.645 to 1.645 -0.1500 to -0.1200
Panhandle Eastern 1.450 to 1.540 -0.2700 to -0.2400
Southern Star -- -0.2150 to -0.2150
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1625 to -0.1475
Trunkline Zone 1A -- -0.1850 to -0.1400
South Louisiana
ANR SE -- -0.0850 to -0.0825
Columbia Gulf Mainline -- -0.1800 to -0.1550
Columbia Gulf onshore -- -0.1000 to -0.0700
Florida Gas Zone 2 -- --
Henry Hub -- -0.0050 to -0.0050
Pine Prairie -- -0.0700 to -0.0600
Southern Natural -- -0.0800 to -0.0550
Tennessee Line 500 -- -0.0850 to -0.0750
Tennessee Line 800 -- -0.1200 to -0.1150
Texas Eastern E. LA -- -0.0800 to -0.0800
Texas Eastern W. LA -- -0.0700 to -0.0700
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0775 to -0.0675
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0000 to 0.0100
Tenn Zone 1 100L -- -0.1500 to -0.1400
Tenn Zone 1 non-St. 87 -- --
Tenn Zone 1 St. 87 -- -0.1500 to -0.1400
Texas Eastern M-1, 30 -- -0.1400 to -0.1400
Transco Zone 4 -- -0.0700 to -0.0450
Transco Zone 5 -- -0.0500 to -0.0300
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0500 to -0.0300
Appalachia
Columbia Gas -- -0.2700 to -0.2400
Dominion North -- -0.4600 to -0.4600
Dominion South -- -0.4700 to -0.4300
Leidy Hub -- --
Millennium East Pool -- -0.5600 to -0.4700
Tenn Zone 4 200L -- -0.3100 to -0.2800
Tennessee Zn 4 313 Pool -- -0.3900 to -0.3700
Tennessee Zn 4 Marcellus -- -0.6000 to -0.5750
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.5100 to -0.4600
Texas Eastern M-3, Delivery -- -0.4400 to -0.3900
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5450 to -0.4800
Northeast
Algonquin Citygate -- -0.4000 to -0.3500
Algonquin Citygate (non-G) -- -0.4000 to -0.3500
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.3200 to -0.3000
Iroquois, Waddington -- -0.2600 to -0.2200
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.2800 to -0.2600
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.2800 to -0.2600
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4650 to -0.4200
Transco Zone 6 non-NY North -- -0.4650 to -0.4200
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.4600 to -0.4200
Rocky Mountains
Cheyenne Hub 1.485 to 1.530 --
CIG -- --
CIG DJ Basin 1.350 to 1.350 --
El Paso Bondad -- --
El Paso San Juan 1.470 to 1.510 --
Kern River 1.520 to 1.590 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 1.510 to 1.560 --
Northwest Wyoming Pool -- --
Opal 1.520 to 1.560 --
Questar -- --
Stanfield 1.570 to 1.570 --
Transwestern San Juan 1.550 to 1.550 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 1.800 to 1.800 --
California
Malin 1.550 to 1.580 --
PG&E Citygate 2.490 to 2.585 --
SoCal Citygate 2.020 to 2.070 --
Southern Border, PG&E -- --
Southern Border, SoCal 1.560 to 1.770 --
SoCal Border Avg. 1.560 to 1.770 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.700 to 1.730 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 1.770 to 1.770 --
SoCal Border - Needles 1.560 to 1.560 --
SoCal Border - Topock 1.575 to 1.625 --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 1.840 to 1.985 --
NOVA/AECO C 1.840 to 1.970 --
Westcoast Station 2 1.900 to 1.910 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.